Surprisingly many clients enter into joint ventures without considering all aspects and risks of the deal and without consulting a lawyer or confirming the deal terms in writing.
WGS have been able to assist many clients to resolve disputes arising from a failure to anticipate such risks and from failure to enter into a written Joint Venture Agreement in advance and can advise on the solution to such situations.
Our lawyers are experienced in negotiating, agreeing terms and drafting joint venture agreements for acquiring and developing land. Joint Venture Agreements will anticipate the problems that inevitably arise and might for instance provide for one party to purchase the interest of the other or agree pre-emption rights and or other securities or agreeing voting rights that may be needed to protect our clients’ interests or resolve a dispute.